Airalo Explained

Airalo operates an online marketplace for the purchase of eSIMs. It is headquartered in Delaware with its operational base in Singapore. As of May 2024, it had 10 million users. It offers eSIMs for use in over 200 countries.

eSIMs are a type of SIM card.^{[2] [3] [4] [5] [6] [7]}

History

Airalo was founded in 2019 by Ahmet Bahadir Ozdemir, a serial entrepreneur, Abraham Burak, a Canadian businessman, and Duran Akcaylier, a web application designer and developer.^{[8] [9] [10]} Duran Akcaylier left the company in 2020.

In May 2024, the company reached 10 million users.^[11]

Financing

In 2019, Airalo secured $1.9 million in seed funding from Antler and Sequoia Capital.^[12]

In October 2021, it secured $5 million in Series A financing.^{[12] [13]}

In July 2023, it received $60 million in a Series B financing round led by e& Capital, the venture arm of e&, with participation from Antler Elevate, Liberty Global, Rakuten Capital, Singtel Innov8, Surge, Orange, T Capital (the venture arm of Deutsche Telekom), KPN Ventures, Telefónica Ventures, and I2BF Global Ventures. At that time, it had 5.1 million customers.^{[14] [15] [16] [17] [18] [19] [20] [21] [22] [23] [24]}

Notes and References

1. Web site: Airalo News, Hiring, Layoffs, Competitors, CEO, Fundraising Insights . RivalSense . 28 October 2024 .
2. News: Chen . Brian X. . 2023-03-23 . Attention, Travelers: Now Is the Best Time to Switch to eSIM . 2024-08-28 . . en-US . 0362-4331.
3. Web site: Tibken . Shara . July 8, 2023 . Your Smartphone Can Have Two Lines. Here's Why You'd Want That . August 28, 2024 . The Wall Street Journal.
4. Web site: 2024-08-11 . Roaming disattivato in Africa, ma la super bolletta arriva lo stesso: perché? . 2024-08-28 . . it.
5. News: Moity . Steven . 2024-01-05 . Come Home With Memories, Not a Shocking Phone Bill . 2024-08-28 . . en-US . 0362-4331.
6. Rogers . Reece . 2024-07-21 . eSIM para viajes internacionales: cómo se configura y todo lo que debes saber para usarla . 2024-08-28 . . es-MX.
7. Rogers . Reece . How to Use an eSIM for International Travel . 2024-08-28 . . en-US . 1059-1028.
8. Web site: Hoon . Yeoh Siew . 2023-08-21 . A minute of silence for the physical SIM card, please . 2024-08-28 . WiT . en.
9. Web site: Cordon . Miguel . 2019-10-09 . Sequoia Capital reveals 20 startups in second Surge cohort . 2024-08-28 . www.techinasia.com . en-US.
10. Web site: CrowdforThink . CrowdforThink : Blog -Airalo Looks To Redefine Rules Of Roaming For Indians With eSIM Marketplace . 2024-10-22 . CrowdforThink.
11. News: Peak XV-backed eSIM startup Airalo reaches 10 million users . Lokesh . Choudhary . . 29 May 2024.
12. News: Sri . Deepti . Rakuten, Sequoia, and more pour $5.4m into traveltech firm . . October 11, 2021.
13. Web site: Morris . Anne . 2021-10-13 . Wayra buys into eSIM startup Airalo . 2024-08-28 . TelcoTitans.com . en.
14. News: Airalo, a company in GO Ventures' portfolio, raises $60 million in Series B financing . . August 10, 2023.
15. News: eSIM platform Airalo raises US$60 million in Series B funding . . 2023-08-02.
16. News: Airalo locks in $60M to expand its eSIM-based global roaming 'marketplace' . Lunden . Ingrid . . July 31, 2023.
17. Web site: 2023-08-02 . Telefónica invierte en Airalo en una ronda que cierra con 54,6 millones de euros . 2024-08-28 . La Vanguardia . es.
18. Web site: 2023-08-08 . People thought we were crazy to invest in Airalo during the pandemic…They just raised a $60M Series B . 2024-08-28 . www.wayra.uk.
19. Web site: 2023-08-01 . Airalo Raises $60M in Series B Financing . 2024-08-28 . FinSMEs . en-US.
20. Web site: 2023-08-01 . Airalo Secures $60 Million To Expand Its eSIM-Based Global Roaming Marketplace . 2024-08-28 . Tech Company News . en-US.
21. Web site: 2023-08-02 . Airalo eSIM marketplace raises USD 60 mln in new funding round . 2024-08-28 . www.telecompaper.com.
22. Web site: Muzoriwa . Kudakwashe . 2023-08-02 . Airalo raises $60m in fundraising round led by e& Capital . 2024-08-28 . en-US.
23. News: 2023-08-02 . UAE's e& leads $60 million funding round for Airalo's eSIM marketplace - Edge Middle East . 2024-08-28 . Edge Middle East . en-US.
24. Web site: Sharma . Shubham . 2019-10-11 . Airalo is world's first eSIM store and here's how it plans to change the telecommunication industry forever . 2024-08-28 . Silicon Canals . en-US.